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student assignment 2

Across
the use of government spending and tax policies to influence economic conditions. increase or decrease in taxes.
the exclusive possession or control of the supply of or trade in a commodity or service. your local natural gas company.
a state of limited competition, in which a market is shared by a small number of producers or sellers. the mobile phone market.
the situation prevailing in a market in which buyers and sellers are so numerous and well informed that all elements of monopoly are absent and the market price of a commodity is beyond the control of individual buyers and sellers. agricultural markets.
type of imperfect competition such that many producers sell products that are differentiated from one another and hence are not perfect substitutes. hotels and pubs
the part of economics concerned with single factors and the effects of individual decisions. what a company like apple makes decisions.
the part of economics concerned with large-scale or general economic factors, such as interest rates and national productivity. prices rise but wages stay the same.
the policy adopted by the monetary authority of a country that controls either the interest rate payable on very short-term borrowing or the money supply, often targeting inflation or the interest rate to ensure price stability and general trust in the currency. increasing or decreasing interest rates.
a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole. Denmark is a _______ state.
Down
an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state. the usa has a _____ market?
a situation in which two suppliers dominate the market for a commodity or service. visa and mastercard.
the loss of potential gain from other alternatives when one alternative is chosen. if you spend time and money at dinner you cant spend that time or money on something else.
the amount of a commodity, product, or service available and the desire of buyers for it, considered as factors regulating its price. a drought has caused a shortage of grapes, more people want grapes then are available therefor the price goes up.
In economics, a complementary good or complement is a good with a negative cross elasticity of demand. sprite and 7 up
political and economic doctrine that aims to replace private property and a profit-based economy with public ownership and communal control of at least the major means of production. north korea is _____ state.